2014 Q3 Form 10-Q Financial Statement

#000104746914008719 Filed on October 31, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2013 Q4 2013 Q3
Revenue $607.4M $536.0M $495.6M
YoY Change 22.56% 5.0% 10.65%
Cost Of Revenue $168.1M $143.8M $128.2M
YoY Change 31.12% 14.31% 14.77%
Gross Profit $439.3M $390.5M $367.4M
YoY Change 19.57% 1.51% 9.28%
Gross Profit Margin 72.32% 72.85% 74.13%
Selling, General & Admin $222.2M $186.6M $177.8M
YoY Change 24.97% 4.89% 5.96%
% of Gross Profit 50.58% 47.78% 48.39%
Research & Development $87.60M $78.60M $84.10M
YoY Change 4.16% 4.94% 13.96%
% of Gross Profit 19.94% 20.13% 22.89%
Depreciation & Amortization $18.00M $13.00M $21.10M
YoY Change -14.69% -13.91% 46.53%
% of Gross Profit 4.1% 3.33% 5.74%
Operating Expenses $309.8M $264.4M $261.9M
YoY Change 18.29% 4.96% 8.4%
Operating Profit $129.5M $126.1M $105.5M
YoY Change 22.75% -5.05% 11.52%
Interest Expense -$2.500M -$4.400M -$1.000M
YoY Change 150.0% 780.0% -433.33%
% of Operating Profit -1.93% -3.49% -0.95%
Other Income/Expense, Net
YoY Change
Pretax Income $120.6M $100.3M $99.80M
YoY Change 20.84% -17.92% 6.85%
Income Tax $26.00M $25.20M $23.00M
% Of Pretax Income 21.56% 25.12% 23.05%
Net Earnings $94.60M $75.10M $76.80M
YoY Change 23.18% -17.56% 10.98%
Net Earnings / Revenue 15.57% 14.01% 15.5%
Basic Earnings Per Share $0.44 $0.69 $0.69
Diluted Earnings Per Share $0.44 $0.68 $0.68
COMMON SHARES
Basic Shares Outstanding 106.4M shares 109.4M shares 111.0M shares
Diluted Shares Outstanding 108.4M shares 112.9M shares

Balance Sheet

Concept 2014 Q3 2013 Q4 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.515B $936.9M $757.6M
YoY Change 99.99% 79.69% 21.7%
Cash & Equivalents $404.1M $420.4M $471.0M
Short-Term Investments $1.111B $516.5M $286.6M
Other Short-Term Assets $89.60M $71.80M $83.20M
YoY Change 7.69% 25.96% 20.06%
Inventory $303.6M $308.9M $313.9M
Prepaid Expenses $48.50M $46.80M $46.60M
Receivables $322.9M $302.5M $327.8M
Other Receivables $0.00 $25.50M $0.00
Total Short-Term Assets $2.309B $1.726B $1.570B
YoY Change 47.05% 33.59% 13.17%
LONG-TERM ASSETS
Property, Plant & Equipment $429.3M $421.6M $409.0M
YoY Change 4.96% 12.94% 24.43%
Goodwill $379.0M $385.4M $383.8M
YoY Change -1.25% 0.18% 9.72%
Intangibles $25.80M $33.50M $63.10M
YoY Change -59.11% -50.0% 5.87%
Long-Term Investments $10.00M $11.40M $10.80M
YoY Change -7.41% -0.87% -18.18%
Other Assets $37.90M $35.40M $31.00M
YoY Change 22.26% 34.6% 19.23%
Total Long-Term Assets $1.041B $984.1M $960.2M
YoY Change 8.39% 5.86% 18.82%
TOTAL ASSETS
Total Short-Term Assets $2.309B $1.726B $1.570B
Total Long-Term Assets $1.041B $984.1M $960.2M
Total Assets $3.350B $2.710B $2.531B
YoY Change 32.38% 21.99% 15.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.90M $48.40M $335.1M
YoY Change -82.12% -35.21% 12.22%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $427.8M $345.6M $335.1M
YoY Change 27.66% -0.52% 12.22%
LONG-TERM LIABILITIES
Long-Term Debt $596.4M $593.1M $532.1M
YoY Change 12.08% 213.31% 203.36%
Other Long-Term Liabilities $282.4M $226.8M $226.0M
YoY Change 24.96% 139.24% 21.83%
Total Long-Term Liabilities $878.8M $819.9M $226.0M
YoY Change 288.85% 188.6% 21.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $427.8M $345.6M $335.1M
Total Long-Term Liabilities $878.8M $819.9M $226.0M
Total Liabilities $1.307B $1.166B $1.093B
YoY Change 19.52% 84.56% 65.76%
SHAREHOLDERS EQUITY
Retained Earnings $2.733B $2.031B $1.970B
YoY Change 38.73% 22.79% 26.04%
Common Stock $938.0M $797.2M $743.7M
YoY Change 26.13% 30.01% 27.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.557B $1.256B $1.233B
YoY Change 26.23% 67.49% 115.56%
Treasury Stock Shares 21.10M shares 16.70M shares
Shareholders Equity $2.043B $1.544B $1.437B
YoY Change
Total Liabilities & Shareholders Equity $3.350B $2.710B $2.531B
YoY Change 32.38% 21.99% 15.25%

Cashflow Statement

Concept 2014 Q3 2013 Q4 2013 Q3
OPERATING ACTIVITIES
Net Income $94.60M $75.10M $76.80M
YoY Change 23.18% -17.56% 10.98%
Depreciation, Depletion And Amortization $18.00M $13.00M $21.10M
YoY Change -14.69% -13.91% 46.53%
Cash From Operating Activities $12.20M $111.3M $132.2M
YoY Change -90.77% -11.95% 0.69%
INVESTING ACTIVITIES
Capital Expenditures -$18.10M -$20.60M -$23.20M
YoY Change -21.98% -63.08% -9.73%
Acquisitions
YoY Change
Other Investing Activities -$136.7M -$226.3M -$83.30M
YoY Change 64.11% -416.5% -21.56%
Cash From Investing Activities -$154.8M -$246.9M -$106.5M
YoY Change 45.35% -1672.61% -19.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 48.70M 80.50M 68.60M
YoY Change -29.01% -154.8% -13820.0%
NET CHANGE
Cash From Operating Activities 12.20M 111.3M 132.2M
Cash From Investing Activities -154.8M -246.9M -106.5M
Cash From Financing Activities 48.70M 80.50M 68.60M
Net Change In Cash -93.90M -55.10M 94.30M
YoY Change -199.58% 1047.92% -8672.73%
FREE CASH FLOW
Cash From Operating Activities $12.20M $111.3M $132.2M
Capital Expenditures -$18.10M -$20.60M -$23.20M
Free Cash Flow $30.30M $131.9M $155.4M
YoY Change -80.5% -27.61% -1.02%

Facts In Submission

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